TRON Partners With NeoWorld Game, Erects Virtual Skyscraper

Colin Muller

Justin Sun’s TRON Foundation, which develops the TRX token and ecosystem surrounding it, has announced a partnership with the blockchain-based game NeoWorld, it said in its Medium blog.

The announcement seems to be light on details, however. The Foundation reports that it has “built” a virtual building inside the game world, which “ranks the top [sic] in both its height and working rewards. There will be more detailed planning on the NeoWorld Island in the future.”

TRON also announced its “cooperation” in “planning the NeoWorld Exclusive Island” - again, there were no further details as to the substance of this presumably virtual space.

The in-game TRON skyscraper seems to be an example of NeoWorld’s in-game “Advertising Cooperation,” whereby the platform conducts “figurative brand exposure through naming 3D buildings in game and so on.” There is no information available as to whether this advertising is accompanied by a monetary transaction or how much.

Regarding the “working rewards,” the advertising page also implies that by finding and clicking on the building in-game, users can “gain NASH or other token reward.”

The Sims meets Minecraft meets WoW meets…

NeoWorld is a massive multiplayer online (MMO) virtual world game, analogous to Decentraland. According to NeoWorld’s literature, it is a world-building, sandbox-style game which will allows users to create and govern a society or societies, own things, and conduct business in-game. Users will also be able to design and implement their own content into the game. An Ethereum-based token, NeoWorld Cash (NASH), will power this virtual world.

TRON in the news

CryptoGlobe reported only days ago that more transactions are executed on TRX than on the Bitcoin, Bitcoin Cash, Ethereum and XRP networks combined (although EOS still beats it). This surfeit of transactions seems to be due to the many live TRX-based games operating on its platform.

The TRON Foundation also made big waves earlier this year buy purchasing the BitTorrrent company, which develops and maintains the bittorent p2p file transfer protocol.

Crypto Rating Council Evaluates Three New Cryptocurrencies as Securities

  • The Crypto Rating Council has released securities ratings for IOTA, Basic Attention Token and USDCoin.
  • The CRC, backed by Coinbase, Kraken and other US crypto firms, supports regulation clarity for the industry.

The Crypto Rating Council (CRC) has evaluated IOTA, Brave's Basic Attention Token (BAT) and the USDC stablecoin over whether they should be classified as securities. 

The CRC, backed by Coinbase, Kraken and other exchanges, is a collection of major United States-based crypto firms established in September 2019. The group advocates for and promotes regulation clarity in the industry of cryptocurrency, including analyzing whether or not certain assets should be classified as securities. 

According to an April 2 post, the CRC released rating scores for IOTA, USDC and BAT, in addition to updating its rating for Maker and Polymath. The scale ranks from 1 to 5 with a lower score correlated to few or no characteristics consistent with treatment as a traditional security. 

BAT was given a rating of 2.00, with the council highlighting the coin’s utility as fully open-sourced and supporting the development and use of the Brave Browser. IOTA also scored 2.00, indicating that the currency is unlikely to be viewed as a security.

USDCoin, a stablecoin backed by Coinbase and Circle, was rated 1.00 by the council, consistent with other stable price-pegged coins such as DAI.  

While the CRC’s determinations have no official impact on the opinions of regulators such as the Securities & Exchange Commission (SEC), they do provide some insight to investors on the state of crypto-assets. 

Featured Image Credit: Photo via Pixabay.com